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LIDAR market had a revenue of $908 million in 2017, and is forecast to reach $1.8 billion by 2023 growing at a CAGR of 12%

According to the new market research report by IndustryARC titled LiDAR Market: By Component (Laser Scanners, Navigation, Positioning Systems, Others); By Product Type (Airborne, Terrestrial); By Software & Services (Aerial Surveying, GIS Service, Others); By Industry Verticals (Geospatial, Automotive, Transportation, Others) & Geography – Forecast (2018-2023), LIDAR market had a revenue of $908 million in 2017, and is forecast to reach $1.8 billion by 2023 growing at a CAGR of 12% throughout creating opportunities for the market.

America & Asia-Pacific continues to lead the market share and growth during 2018-2023

The North American Market is estimated to dominate the market share due to features of high accuracy and low cost and increasing production of LiDAR which have been providing new opportunities for growth. The Asia Pacific is predicted to grow over the forecast period, supported by the increase in technological developments. The LiDAR scanner market accounted for almost 45% for the year of 2017. The report shows that the market will likely grow by CAGR of 10.7% during the forecast period of 2018-2023. Regions like China, are adding high precision features to the 3D modeling of the land surface providing tectonic geomorphic feature. It is followed by South Korea which is investing significantly into infrastructure and commercial projects. Japan is another key country involved in mapping various mobile LiDAR laser sensors to prevent the nation from uncertain area.

With increasing applications in engineering projects, and technological superiority, Airborne LiDAR technology will be generating revenue of $1.44 billion with a CAGR of 12% during 2018-2023. Comparatively in the Terrestrial segment, mobile LIDAR revenue was just less than 50% in 2017.

Selected Product Type & Industrial Vertical Analysis done in the full Report:

Airborne LiDAR is the most commonly opted LiDAR type for generating digital elevation models for larger areas. This type of UAV LiDAR mapping is efficient and effective for collecting elevation data. The various components incorporated in aerial LiDAR are high frequency laser, GPS and IMU (Inertial measurement unit) to extract accurate data from an airborne platform. Mobile LiDAR’s constant growth will lead the market to gain maximum CAGR value compared to other.

Topographic LiDAR is a type of airborne LiDAR that has applications in disaster risk planning, flood mapping, emergency management, forestry inventory, control of soil erosion, country and state wise mapping and many more. This technology is replacing photogrammetry techniques that measures the distance using photographs and creates accurate DEMs (digital elevation model). Near-infrared pulses are opted for topographic mapping, having wavelength of 1040-1060nm for mapping the land surface. Companies such as Leica Geosystems and others provide airborne topographic LiDAR that captures data over large areas. This type of LiDAR penetrates semi-porous obscurations comprising of vegetation, ground fog, thin clouds and others.

Bathymetric LiDAR is another type of airborne LiDAR system that caters its application in measuring the depth of water bodies and others. Bathymetric LiDAR incorporates water penetrating green light for measuring seafloor, riverbed elevations and others. Bathymetry mapping are cost efficient compared to other conventional survey methods. This system is applied to the clear water bodies having depth up to 50m. The increased water turbidity is inversely proportional to the accurate results obtained. Geomatics Data Solutions, Inc., AAM Pty Ltd and others are the names of few key companies that provide high quality data collection and survey services that incorporates bathymetric LiDAR.

To access / purchase the full report browse the link below

https://industryarc.com/Report/15765/lidar-market.html

Excerpts Growth Factors Mentioned in the Full Report:

  • Geospatial analysis and technology is being opted for development of smart cities and its infrastructure to ensure proper designing and planning to be executed for smart cities.

  • Growing trends for autonomous vehicles and implementation of advanced driver assistance systems (ADAS) also plays a major role in growth with respect to the automotive industry.

  • Increasing adoption in 3D imaging technology with LiDAR in numerous applications such as terrestrial scanning, airborne scanning and unmanned scanning systems and others are the types playing a vital role in engaging the business holder to become technologically strong.

  • Higher rate of LiDAR devices in automobiles adoption is mapping new opportunities for the market growth since the past five years. Google’s autonomous vehicle initiative (Waymo) is one of the key trends in the autonomous vehicles manufacturing roadmap.

  • Three dimensional digital models of agriculture fields which provides accurate information about the water flow direction and distribution is another key application.

  • OEMs are working toward automated driving, and new techniques are been implemented toward achieving levels 3 and 4 in vehicle automation, which places LIDAR at an advantageous position among the sensor suites for autonomous vehicles.

Talk to one of our sales representative about the full report by providing your details in the below link:

https://industryarc.com/support.php?id=15765

Key players of LiDAR Ecosystem:

Major players for LiDAR market includes Teledyne (U.S.), Leica Geosystems AG (Switzerland), Trimble Inc. (U.S.) and Velodyne LiDAR Inc. (U.S.) many more. Companies are targeting the market with differentiated offerings. Companies are launching new products to increase their market penetration. Present market is driven by product and increased adoption of 3D imaging technology.

Companies citied and Interviewed:

Faro Technologies Inc.

3D Laser Mapping Inc.

GeoDigital International Corp

Optech Inc. (Teledyne Technologies)

YellowScan

Quanergy Systems, Inc.

GeoknoIndia Pvt. Ltd.

Phantom Intelligence, Inc.

Leosphere

Airborne Hydrography AB

Hokuyo Automatic Co. Ltd.

Quantum Spatial

Aerometric Inc.

Beijing Beike Technology Co., Ltd

IBEO automotive systems GmbH

Robert Bosch GmbH

Riegl Laser Measurement Systems GmbH

Firmatek LLC

Mira Solutions Inc.

Topcon Positioning Systems Inc.

Company 21

Company 22

Company 23

Company 24

Related Reports:

  1. ADAS Camera Market

https://industryarc.com/Report/17953/adas-camera-market.html

  1. Automotive LIDAR Market

https://industryarc.com/Report/18128/automotive-lidar-market.html

LiDAR Market Report is segmented as indicated below.

  • LiDAR Market By Components

  1. Light Source & Detection

  2. Navigation Systems

  3. Positioning Systems

  4. Others

  • LiDAR Market Product Type

  1. Airborne (Topographic and Bathymetric)

  2. Terrestrial (Mobile and Static)

  • LIDAR Market – By Platform

  1. Aerial

  2. Satellite

  • LiDAR Market Software and Services

  1. LiDAR Data Processing

  2. Aerial Surveying

  3. Asset Management

  4. GIS Service

  5. Ground-Based Surveying

  6. Mapping and Modeling

  7. Others

  • LiDAR Market By Industry Verticals

  1. Geospatial

  2. Natural Resources

  3. Archaeology

  4. Infrastructure & Utilities

  5. Transportation

  6. Agriculture

  7. Automotive

  8. Others

  • LiDAR Market By Geography ( Covers 15+ Countries )

  • LiDAR Market Entropy

  • Company Profiles

  • Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.

What can you expect from the report?

The LiDAR Market Report is Prepared with the Main Agenda to Cover the following 20 points:

  1. Market Size by Product Categories

  2. Market trends

  3. Manufacturer Landscape

  4. Distributor Landscape

  5. Pricing Analysis

  6. Top 10 End user Analysis

  7. Product Benchmarking

  8. Product Developments

  9. Mergers & Acquisition Analysis

  10. Patent Analysis

  11. Demand Analysis ( By Revenue & Volume )

  12. Country level Analysis (15+)

  13. Competitor Analysis

  14. Market Shares Analysis

  15. Value Chain Analysis

  16. Supply Chain Analysis

  17. Strategic Analysis

  18. Current & Future Market Landscape Analysis

  19. Opportunity Analysis

  20. Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC publish country, geography or application based reports in LiDAR?

Response: Yes, we do have separate reports as mentioned below:

  1. Latin America LiDAR Market (2018-2023)

  2. Asia Pacific LiDAR Market (2018-2023)

  3. Middle East and African LiDAR Market (2018-2023)

  4. North America LiDAR Market (2018-2023)

  5. Geospatial LiDAR Market (2018-2023)

  6. Automotive LiDAR Market (2018-2023)

  7. Infrastructure & Utilities LiDAR Market (2018-2023)

  8. Transportation LiDAR Market (2018-2023)

  9. Global Coil Coatings Market Tracker (2011-2030) – Subscription (40+ countries and 100+ companies, 50+ products with analysis on raw material manufacturers, product manufacturers, distributors, end users and startups)

Q. Does IndustryARC provide customization to these reports and do you charge additional for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization?

  1. Increase the level of data in application or end user industry.

  2. Increase the number of countries in geography chapter.

  3. Find out market shares for other smaller companies or companies which are of interest to you.

  4. Company profiles can be requested based on your interest.

  5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Media Contact:
Mr. Venkat Reddy
Sales Manager
Email:
venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC:

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.

We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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